Total monthly cost of ownership
Cost to Own a Home in St. Matthews, Kentucky
A $326,000 home here costs
$2,552per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,676. The real number is $876 higher every month — 52% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
St. Matthews against Jefferson County and Kentucky
| Measure | St. Matthews | Jefferson County |
|---|---|---|
| Median home value | $325,700 | $237,200 |
| Median property tax | $2,761 | $2,023 |
| Effective tax rate | 0.848% | 0.853% |
| Median gross rent | $1,253 | $1,097 |
| Population | 17,491 | 777,392 |
The weather behind that power bill
St. Matthews sits in Jefferson County, which averages a high of 87.9°F in its hottest month and a low of 27.1°F in its coldest, with 48.12" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,543 cooling and 4,150 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Jefferson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jefferson County
Full Jefferson County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in St. Matthews?
A $326,000 home in St. Matthews, Kentucky costs approximately $2,552 per month with 20% down at 6.66%. That is $1,676 principal and interest, $230 property tax, $171 homeowners insurance, $203 utilities and $272 set aside for maintenance.
What is the property tax rate in St. Matthews?
St. Matthews has an effective property tax rate of 0.848%, based on a median home value of $325,700 and median real estate taxes of $2,761. That is in line with the Jefferson County average of 0.853%.
What is the average home price in St. Matthews?
The median owner-occupied home value in St. Matthews, Kentucky is $325,700, against $237,200 across Jefferson County.
Is it cheaper to rent or buy in St. Matthews?
Median gross rent in St. Matthews is $1,253 a month, against $2,552 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for St. Matthews — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Kentucky.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.